**After-Tax Basis** means in the case of any amount payable on an “After-Tax
Basis” to or for the benefit of any Person (including any amount payable pursuant to this definition), that the total amount otherwise payable will be increased so that, after deduction of the net amount of all Taxes required to be paid by such
Person with respect to the receipt or accrual by it of such amount (whether such Taxes are payable in the year in which such amount is received or accrued or in one or more subsequent years), taking into account all related Tax credits and
deductions (whether such Tax credits and deductions are used in the year in which such amount is received or accrued or in one or more subsequent years), the Person entitled to the payment will actually receive the amount otherwise required to be
paid. 

  

 **Agreed Value** has the meaning given in the Aircraft Lease
Agreement. 

  

 **Air Authority** means the FAA. 

  

 **Aircraft** has the meaning given in the Aircraft Lease Agreement 

  

 **Aircraft Documents and Records** means the documents, data and records identified in the
list attached to the Certificate of Acceptance, and any other documents and records required to be maintained by Lessee in connection with Lessee’s obligations under Section 8.8, and all additions, renewals, revisions and replacements from time
to time made to any of the foregoing in accordance with the Lease. 

  

 **Aircraft
Lease Agreement** means an aircraft lease agreement entered or to be entered into between Lessor and Lessee. 

  

 **Airframe** means the Aircraft, excluding the Engines and Aircraft Documents and Records. 

  

 **Airframe Structural Check** has the meaning given in the Aircraft Lease Agreement. 

  


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